coinspectator - 11/9/2018 3:25:55 AM - GMT (+0 )
The order included instructions for Xapo, Coinbase, Poloniex, Bittrex and other exchanges and financial institutions to freeze any assets up to 5,000 bitcoin or their equivalent value that they had in their possession which belonged to Shrem. Coinbase, Xapo, Digital Asset Holdings, Branch Banking and Trust Company, Noble Markets and ItBit all submitted statements saying they did not have any funds belonging to Shrem, while Poloniex (part of Circle Internet Financial) said it held $0.41 in bitcoin in an account belonging to Shrem, and Bittrex held roughly $4.44 combined in bitcoin and a fork currency called bitcoin gold. “After careful consideration, the Court denies plaintiff’s motion to confirm the order of attachment and therefore lifts the attachment currently in place, effective immediately,” Judge Rakoff wrote Thursday.
“We are very pleased the judge ruled in [Shrem’s] favor, dissolving the $30 million-plus attachment order after he heard extensive argument from both sides earlier today,” he wrote. A case management plan notes that the parties to the case have until Nov. 15 to amend any pleadings, request documents and file any questions they may have. The Winklevoss Capital Fund sued Shrem in September, alleging he withheld 5,000 bitcoin he was supposed to purchase on behalf of the Winklevoss brothers. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full